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The ECP option is a one time (TEL) or recurring ACH (PPD)
debiting service for the EdgCapture system that provides customers
with automatic payment options in addition to credit cards. One time payment is used for ad hoc purchases and direct
debiting is most often used for recurring purchases
for customers with accounts in ACH (Automated Clearing House) member
banks. There are specific rules, as outlned by NACHA guidelines for one time (TEL) and recurring (PPD) ACH debits, that a merchant must abide by to process ACH payments.
Like credit card transactions, ECP transactions
can enter the EdgCapture system from multiple sources. ECP transactions
can be submitted manually via the EdgCapture Transaction Manager or from every external interface to the EdgCapture system.
When EdgCapture receives a one time or a direct
debit transaction, the information is verified and entered into
the database. At a predefined time, EdgCapture creates a settlement file
containing all ECP transactions for the day and sends it to the
check processor. If a transaction is later
returned because of insufficient funds or a bad account number,
the processor notifies the merchant by fax or phone.
One time debiting operates automatically only for
sale transactions. Credits can only be issued by issuing a refund check to the customer. Direct debit
credit transactions may be processed automatically through ACH.
Edgil supports all major check processing networks
including Bank of America, Wells Fargo, Wachovia, M & T Bank and Paymentech.
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